The Hoa Phat Group has announced that it had received approval from Australia’s Foreign Investment Review Board to purchase an iron ore mine in the country.

Vietnam’s steel sector has witnessed strong development in terms of capacity, output, and products in the recent past.

Steel manufacturer Hoa Phat Group sold a total of 869,000 tonnes of steel in April, a surge of 65% compared to the same month last year.

VOV.VN - The Vietnamese iron and steel sector enjoyed a strong bounce-back after recording impressive growth of 65.2% in export value, earning US$1.826 billion during the opening three months of the year, according to the Ministry of Industry and Trade.

Last year was a stormy one for Vietnam’s businesses, but billionaires still were able to pocket billions of dollars.

VOV.VN - During the opening two months of the year, iron and steel exports have enjoyed a stellar growth rate of 71.9% compared to the same period from last year, with major domestic firms such as Hoa Phat and Hoa Sen exporting large shipments.

VOV.VN - As Vietnam’s leading industrial manufacturing group, Hoa Phat Group imported approximately US$2 billion worth of machinery, equipment, and production materials last year, of which one third came from Australia alone.

VOV.VN - The administration of Quang Ngai province, central Vietnam, has outlined plans to put a total of 110 foreign experts into isolation in concentrated places in an effort to prevent the potential spread of the novel coronavirus (COVID-19) pandemic.

Steel maker Hoa Phat Group is recruiting experienced personnel for a cargo container manufacturing project expected to start production in the second quarter of next year, according to the company.

VOV.VN - Hoa Phat Group (HPG), Vietnam’s largest steelmaker, has unveiled that it will increase the export of galvanised steel products to Europe, with the first batch of 10,000 tonnes due to be shipped this November.